Speedy Hire Plc (LON:SDY) Insider David J. B. Shearer Acquires 100,000 Shares

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer acquired 100,000 shares of Speedy Hire stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of GBX 55 ($0.72) per share, for a total transaction of £55,000 ($71,867.24).

LON SDY opened at GBX 60 ($0.78) on Friday. The business’s 50-day moving average price is GBX 54.39 and its two-hundred day moving average price is GBX 56.26. Speedy Hire Plc has a 12 month low of GBX 45 ($0.59) and a 12 month high of GBX 65 ($0.85). The firm has a market capitalization of $315.22 million and a PE ratio of 14.29. The company has a current ratio of 1.30, a quick ratio of 1.17 and a debt-to-equity ratio of 47.92.

The business also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 5th will be given a GBX 0.70 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 1.27%. Speedy Hire’s dividend payout ratio (DPR) is presently 0.48%.

A number of equities research analysts recently weighed in on the company. Liberum Capital assumed coverage on Speedy Hire in a research report on Friday, November 8th. They set a “buy” rating and a GBX 77 ($1.01) price objective on the stock. Peel Hunt restated a “buy” rating on shares of Speedy Hire in a research report on Wednesday.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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